Corrugated Wine Box Market: Introduction
The latest study published by Transparency Market Research on the corrugated wine box market provides a holistic view of the global market, growth, analysis, size, trends for the forecast period from 2021 to 2029.
In terms of sales, the market value at the end of 2029 is anticipated to expand 1.5x times from its current value, due to the high demand for protective packaging solutions for wine bottles assisting the growth of the global corrugated wine box market. The corrugated wine box market is expected to register growth of 5.5% CAGR during the forecast period.
Corrugated wine boxes are gaining worldwide market popularity as a lightweight and easy to dispose of packaging solution. Different types of corrugated wine boxes, such as single bottle boxes and multi bottle boxes are being developed by manufacturers to comply with the latest wine packaging trends prevailing in the industry.
As per the current market value share, the single wall board type is expected to hold approximately 69% market share in the year 2021. Making it the most preferred board type to manufacture corrugated wine boxes by producers across the globe, the strength and durability offered by single wall board fuels the demand for the same. Along with that single wall, the board offers wide-ranged customization options for shape, size, and printability to provide marketers and key players to make use of free marketing space on corrugated wine boxes.
The research team analyzed the global sales of corrugated wine boxes according to the box capacity, board type, and box type across all five regions of the world. The multi bottle box segment is likely to hold 50% market share in 2021, due to the rising demand for bulk packaging of wine bottles. The segment is anticipated to grow to 54% in 2029. As per the TMR analysis, the European region is estimated to hold a major market share of over 30% by 2029, due to the high demand for corrugated wine boxes in the region.
Growing Alcohol Consumption among Millennials Resulting in High Demand for Corrugated Wine Boxes across Continents
The rapid rise recorded in the consumption and buying patterns of wine has a significant impact on the demand for spill-proof and safe packaging solutions for wine packaging. The number of wine manufacturers has increased as a result of the recent developments in Oenology. Moreover, the increase in the production of grapes has enabled wine manufacturers to produce wine round the year, irrespective of the season. Besides wine producers, several players producing wine packaging solutions for packaging single as well as multiple wine bottles have witnessed growth. An increased number of industry players producing wine packaging solutions has resulted in high production and consumption of corrugated wine boxes as a suitable packaging solution.
As the demand and consumption for wine registers growth in western parts of the world, other countries are also witnessing a sharp rise in the demand for wine over other alcoholic beverages. The growing demand for wine directly drives the demand for corrugated wine boxes and eventually positively contributes to the growth of the global corrugated wine box market.
End Users Eying Corrugated Wine Boxes for Effective Branding, Promotion
The innovation-driven packaging industry is guided by the latest packaging trends, which is sometimes introduced by packaging manufacturers or sometimes by the young consumer bases. The packaging industry flourishes by catering to latest demands by producing suitable packaging solutions.
The printability offered by corrugated wine boxes is used by wine manufacturers and marketers to print the necessary information such as the manufacturing date and place of production as per the regulatory laws. In addition, these marketers use this left printable space to print the stunning brand logo, which creates a unique identity of the product in the consumer’s mind.
The corrugated wine boxes offer free space for marketing and branding to manufacturers, which helps the company create a brand image, and it can provide visual associations such as logo, color, and look.
Corrugated Wine Box Market: Competition Landscape
The global corrugated wine box market is highly fragmented in nature wherein larger market share is held by domestic and local players. Some of the key players operating in the global corrugated wine box market are Marber S.r.l., Shenzhen Qingxin Packaging Co. Ltd, Graficas Digraf, Nordpack GmbH, Cartotrentina S.r.l., Scotton SpA, Smurfit Kappa Group, Mondi plc, Stora Enso Oyj, and OrCon Industries.
As per the tier structure analysis based on segmental revenue and market share of companies, key players are segmented into three tiers. Tier 1 includes Mondi plc and Stora Enso Oyj as top market players; these players are focusing on strategic expansion through acquisitions and increasing production capacity to strengthen their market presence across the globe. Tier 2 players comprise Nordpack GmbH and Smurfit Kappa Group.
Global Corrugated Wine Box Market Structure
Corrugated Wine Box Market by Box Capacity
- Single Bottle Box
- Multi Bottle Box
Corrugated Wine Box Market by Board Type
- Single Face Board
- Single Wall Board
- Double Wall Board
- Triple Wall Board
Corrugated Wine Box Market by Box Type
- Slotted Box
- Folded Box
- Telescope Box
- Die-Cut Box
Corrugated Wine Box Market by Region
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC